Industrial N Illinois Cushman & Wakefield reps landlord in large Edens Corridor industrial lease Cushman & Wakefield represented the landlord, New Lincoln LLC, in the long-term lease of 202,259 square feet of an industrial building at 7080 N. McCormick Boulevard, in the near north suburb of Lincolnwood, Illinois. The tenant is CubeWork, an office and warehousing co-working company.
CRE N Illinois Landmark proposes multi-billion-dollar economic development tool for One Central project Landmark Development Company promised not to seek tax increment financing funds from the city of Chicago for its ambitious ONE Central development in the city’s South Loop. Instead, they hope to partner with the state of Illinois in an unusual $3.8 billion buyback scheme.
CRE N Illinois New venture, Decennial Group, looking to raise $1 billion for opportunity zones Scott Goodman, founding principal of Farpoint Development, Bob Clark, founder and CEO of Clayco, and Shawn Clark, president of CRG, have launched Decennial Group. The Chicago-based real estate and energy investment and development joint venture is targeting $1 billion in Opportunity Zone investments.
Multifamily N Illinois 275-unit South Loop multifamily project breaks ground Draper and Kramer, Incorporated announced that it has started construction on 2111 S. Wabash Avenue, a 24-story, 275-unit building in the McCormick Square area of Chicago’s South Loop. Located less than one block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development will offer residents a convenient loca…
Industrial N Illinois Rockford turns its focus toward high-tech manufacturing Rockford and the I-39 Corridor have a long and interesting manufacturing history. In the 1850s, one of the first companies to establish in the area was J. H. Manny & Co., a manufacturer of wheat reapers. The company would later be embroiled in a high-profile legal case with McCormick Harvesting Machine Company that would involve future pres…
Multifamily N Illinois South Loop high-rise, The Lex, changes hands in Chicago Holliday Fenoglio Fowler, L.P. (HFF) represented Crescent Heights in the sale of The Lex, a 332-unit high-rise apartment property in Chicago’s South Loop. FPA Multifamily, LLC purchased the property free and clear of existing financing.
CRE N Illinois These are the 10 sites Chicago pitched to Amazon for HQ2 The city of Chicago revealed on Friday which sites they included in the proposal to Amazon for the company’s second headquarters, according to a statement from the mayor’s office. The list of sites include dense downtown locations and campus-like suburban environments.
Retail N Illinois Team selected to develop Michael Reese site in Bronzeville Mayor Rahm Emanuel announced a selection of a development team to lead the revitalization of Michael Reese site in Bronzeville.
Hospitality N Illinois Hilton's first triple-brand hotel coming to Chicago's McCormick Place First Hospitality Group and Hilton are partnering to bring a new triple-brand hotel to the McCormick Place convention center in Chicago.
Industrial Midwest Transwestern assists in sale of industrial portfolio in suburban Chicago Transwestern brokered the disposition of a two-building, 388,299-square-foot industrial portfolio in Chicago’s north suburbs to an undisclosed buyer.
CRE Midwest Residence Inn Chicago undergoes renovation, celebrates 100th anniversary this year The new Residence Inn Chicago Downtown/Loop has officially opened its doors. Owned by The Prime Group, the architecturally significant Chicago landmark is part of an extensive renovation program to restore the historic building to its original elegance.
CRE Midwest Bradford Allen represents Blue Star Properties and Baderbrau Brewing at 2515 S. Wabash Bradford Allen announced that Senior Managing Director Ben Azulay and Director Justin Kessler have completed the 25,810 square foot building sale of 2515 S. Wabash in Chicago.
CRE Midwest Midwest experts weigh in on CRE trends for 2015 With sales of Chicago-area apartments, hotels, retail, office and industrial properties on pace for the best year since the recession, Midwest real estate experts predict another banner year for commercial real estate in 2015 as new projects break ground and existing developments are brought to market.
CRE Midwest Hyatt The Loop on track to open doors in early 2015 Hyatt The Loop Chicago, located in the heart of the city’s financial district at 100 West Monroe, is on track to open its doors to the public in February 2015.
CRE Midwest Baum Realty Group announces sale of a Motor Row Value-Add investment property Chicago-based Baum Realty Group, LLC, one of the Midwest’s leading retail brokerage firms, announced that Baum’s Investment Sales Team brokered the sale of a mixed-use property in Chicago’s Motor Row neighborhood.
CRE Midwest Bridge sells Freeman build-to-suit Bridge Development Partners has sold its 365,359-square-foot build-to-suit corporate facility for Dallas-based Freeman Decorating Services, Inc., to American Realty Advisors, for one of its client portfolios.
CRE Midwest NelsonHill sells South Loop property to U-Haul NelsonHill has completed the sale of 2601 S. LaSalle in Chicago’s South Loop area to U-Haul International for $3.2 million.
CRE Midwest NelsonHill completes sale of historic building in the South Loop NelsonHill has completed the sale of a 30,048-square-foot building located at 2400 S. Michigan Ave. in Chicago. Value of the sale was approximately $4.25 million, $50,000 above asking price.
CRE Midwest Colliers International completes sale of 9-acre former Klein Tools site for new mixed-use project Jack Rosenberg, principal and Frederick Regnery, principal, both with Colliers International | Chicago’s Industrial Advisory Group, represented Klein Tools in the sale of a prime nine-acre land parcel at 7200 N. McCormick Boulevard in Skokie.